The Bank of Canada and the European Central Bank Rate Announcement are the Highlights this Week in FX
The USD closed the week by dropping against the JPY and the EUR. The paradoxical situation with consumer confidence beating forecasts and consumers not spending enough to boost sales was evident on Friday. Lower than expected U.S. indicators like the core retail sales numbers that came in at –0.1 percent when a gain of 0.2 percent were negatives for the dollar. The University of Michigan Consumer Sentiment was 93.3 when…
Week Ahead in FX Bank of Canada to Stabilize Loonie
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